Hey all,I'm looking to enter the RE market with a few rental properties, ideally in the Chicago suburbs.

On the bright side, a lower LTV will decrease the risk of the project for you so it's a good buffer to have on your first deal

Because you have to keep the same taxpayer as owner from the relinquished property to the replacement property I'd worry that the legal protection you'd want for a development TIC won't be there.DSTs have high fee but probably are the best path forward for someone who wants to be fully passive and avoid legal risk.

thank you for the input. we actually have 20 years of experience. are you saying that after we have experience with the company? 

The house has now been appraised at $265,000 market value. 1908 sqft. 

In this case, we tell the tenants we have two requirements, one as long as we don't hear complaints and the grass doesn't touch the house that become a liability for the building, and at the end of the lease they turnover the property with the landscape in the same condition as how they moved in, then however they want to maintain the lawn to maintain that standard, we don't care.

What are the trends showing in the 78747 area? 

Will the insatiable demand for this slow down ?   

Any programmable thermostat that has the ability to lock the screen with a pass code should work.

Overleveraging by paying too much for the property mixed with mixing hard money with private money for a 100%+ LTV at the beginning of the deal.